Loan amount
$0
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$850,000
{PP:$0}
LTV
0%
{LTV}
Property type
Multi-Family 5+ Units
Borrower Details
Credit score
810
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
Property Details
State
Massachusetts
Loan Details
Down payment
$0
Additional Loan Information
This project is the purchase and renovation of two fourplexes located on the same plot of land; they are currently valued at 700k but with renovations that can be increased to an 850k ARV. The units can currently rent for 900-950 but with renovations could go as high as 1150 a unit with 8 units capable of being rented.. 500k will be enough to both purchase and renovate the property.
Status
Closed
Created
November 30, 2020 - 9:04pm
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